Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · VA
Assumable Loan + Second
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$176,277$176,277$629,100
Remaining term (yrs)24.924.930.0
Secondary amount$0$452,823$0
Funding fee$881$881$0
Note rate2.780%2.780%7.400%
Blended rate2.780%6.357%7.640%
1st payment$815.89$815.89$4,355.76
2nd payment$0.00$2,924.48$0.00
Taxes / mo$223.50$223.50$223.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$125.82
HOA / mo$51.33$51.33$51.33
Total monthly$1,257.39$4,181.87$4,923.08
Cash to close$522,723$69,900$69,900